Deep Bhamla
21 September 2017 at 20:40

Tds refund

Hello Everyone,
In 2012 my mother made a Fix Deposit In Punjab Natonal Bank for 5 years on my name under her Guardianship, as i was minor at that time. The Principal Money was 130000 and the Maturity amount according to Bank should be around 200000 in year 2017. In between this time somehow the Joint Account from which the FD was linked got closed. So when I contacted the bank regarding this they said I have to open a separate account (as I am major now) of mine and they will transfer the matured FD amount in this account. so all this happened and i got my money in that newly opened account. but the amount was around 16000 less i.e 184000. when I asked bank about it they said TDS is deducted. as my total income is below taxable income, they said you can file ITR and get TDS Refund. Now my questions are -
1. From where actually the TDS is deducted ??
- From the last account which got closed ?
- Or from the newly opened account ?
2. The tax is deducted on my name or my mother's name ??
* I am asking these things because i have to
show these things in ITR for TDS Refund.
* In the last account nor mine neither my mother's PAN Card was linked.
* In the new account my PAN Card is linked.
* The rate of TDS deducted is 20%.
* On the ITR website in Form 26AS i can't see any deduction for last and this financial year.
Please provide some kind of advice..
Thanks in advance.


LalitKapoor
21 September 2017 at 20:33

Gst

If a person opted for composition scheme is he liable to show gst separately in his invoice as he liable to pay 1 of gst on his sale? And person also sale the exempted goods. Exempted sale will be deducted from total sale while paying the tax to govt or not? For eg. Sale of ₹100 out of which sale of ₹20 is of exempted goods and ₹ 80 is taxable, so is he liable to pay tax on ₹80 or ₹ 100?



Anonymous
21 September 2017 at 20:29

Partnership deed modification

Dear Sir,
We are 2 partners running a firm since last 8 months having Registered Partnership Deed.
Now we want change the place of business and in addition to we are adding 1 more partner into it
However i want to know:
i)if we have to go for new partnership deed or supplementary deed can work for the same.
ii)if 1 partner is not available so can it be done.

Thanks and Regards.



Anonymous
21 September 2017 at 20:07

Bank details

WRONG BANK account is given in the itr.account belongs to a relative.
refund chq issued in my name
.pl. advise how to get a revised refund into my bank account
pardha


Salahu Pulikkal
21 September 2017 at 19:57

Refund

Paid refund shown in 26AS., But amount not credited in Bank account yet. what will do. ?


isaac
21 September 2017 at 19:36

exemption

i m appearing for both groups in nov 2017 however have less time so i m planning for 1st group n exemption in two papers of group 2 . which paper i choose for exemption considering new syllabus and gst n all...which ll b more beneficial in practice


isaac
21 September 2017 at 19:36

Exemption

i m appearing for both groups in nov 2017 however have less time so i m planning for 1st group n exemption in two papers of group 2 . which paper i choose for exemption considering new syllabus and gst n all...which ll b more beneficial in practice in future...plz guide...


CA Nidhi Kanabar
21 September 2017 at 18:53

44ad

Dear Sir,

I have shown more than 8% in 44AD after that deducted salary & Interest . After that deduction it is showing loss. But for A.Y. 2016-17 it was allowed to deduct salary & Interest after declaring 8%. Salary & Interest are claimed as per 40(b).



vinay kumar agrawal
21 September 2017 at 18:14

Gst on rental income

i am a small e- commerce seller with a turnover of less than 10 lack per annum. i am doing this business in my trade name real gems corporation(proprietorship firm) and registered under GST. i am also having rental income of Rs. 2 lack per annum in my personal name from a commercial property. should i need to collect GST on my rental income and deposit it through my firm or i do not need to collect it?

pl answer my query in detail

regards
vinay
mob. 9414216357


Armaan Jain
21 September 2017 at 18:10

Foreclosure charges

I am holding cash credit limit with HDFC bank and I want to transfer my limit to ICICI bank.

But HDFC is telling if you transfer the limit you have to pay forclosure charges @ 5%

I want to know is bank are liable to charge foreclosure charges, is there any Rbi notification regarding this






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